Are you a frequent flyer? Are airlines’ first-class service more frustrating than fulfilling? You can charter a jet, but the greatest freedom comes when you own one. Before you buy, though, you should consider whether the investment is truly justified. In this video, we look at the real cost of owning a private jet. Depending on size, range, model, and features, a private jet can set you back anywhere from 2 million dollars to over 100 million dollars.
Much like used cars, private jets are subject to serious depreciation. If you are looking for a bargain, second-hand jets come much cheaper. First on your expense list is the purchase price. A new Gulfstream G450 for example can cost anywhere between 38 and 43 million dollars brand new, depending on the upgrades you add at the time of purchase. On the other hand, a pre-owned model will typically cost you anywhere in the 14 million-to-35-million-dollar range.
A significant variance, depending on the flight hours, upgrades, and features that are on the aircraft. As earlier mentioned, the cost can go as high as your pockets can allow you.